One Person Company Compliance

Easily Maintain OPC Compliance

One Person Companies (OPC) are required to maintain compliance under Income Tax, Companies Act and various other regulations.

Send us a message

One Person Company Compliance

One Person Company (OPC) is necessary to maintain compliance as per Income Tax Act and Companies Act. One Person Company is necessary to file the copy of Financial statement within 180 days from the closure of the financial year. Hence, maintaining compliance of OPC Company mainly includes filing of income tax return with the Income Tax Department and annual return with the Ministry of Corporate Affairs.

Glad e filings is the largest business services platform in India, providing a range of services like One person company compliance, company registration, GST registration, GST filing and more. Glad e Filings can help you maintain compliance of your OPC filing. Get a free consultation for compliance of your OPC company with an Glad e filings Consultant.

Major Compliances for a One Person Company

Income Tax & Annual Return

Income tax filing and annual return filing should be completed by all One Person Company before 30th September of each financial year. The GST rule proposed to be rolled out in 2017, one person companies having GST registration should require to file monthly, quarterly and annual GST returns.

TDS Filing & Service Tax or VAT

Quarterly TDS returns should be filed by one person companies that have TAN and are necessary to deduct tax at source as per TDS rules. In case a one person company has service tax or VAT registration, it must file the respective returns. Service tax returns are due half-yearly while VAT return due date vary from state to state.

ESI Return

ESI return must be filed by all one person companies having ESI registration. ESI registration is necessary once the one person company employs over 10 employees.